Thursday, March 19, 2020

Steady as She Goes!!

Ahoy Mates,

Re: we are in heavy winds and heady cross winds!

And that is because there are three (3) Black Swans in our choppy and unpredictable seas:
#1 Corona, #2 Liquidity/Dollar Crisis** and #3 Oil War.


So, in these times trading is OUT THE WINDOW: and I just learned that in my miscue on the 17th in which I was wrong and corrected myself.

So, in these times Stay the Course Mates >>> which is long-term shorts and  openning more short positions in every bounce!

And it looks like one of those BOUNCES is developing right now as I write this @1046 hrs on 3/19/20

Thus a wonderful opportunity looks to be in process after which one may add to shorts; and this opportunity looks to be directly ahead of us.

That's it for now

Richard

** CNN just advised people to not take money out of the bank?

So, what should you do?

I learned fifty years ago in land far, far, far away from this WORLD:
When your superiors repeatedly --- and with sweaty brow and shaking hands and shaking knees --- tell you , "Don't Panic" that >>>> that is exactly when you should be gravely and seriously concerned and >>>  take suitable and measured evasive actions that others may interpret as panic.

Translation: you are always obligated to FIRST >>>>
SAVE YOURSELF AND THOSE AROUND YOU!!  

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